This property looks like a bad Long-Term investment with a projected -17.02% first-year return on $146k initial cash invested.
-17.02%
Cash On Cash
2.64%
Cap Rate
0.44
DSCR
$2,597
Rent
-$2,070
Cashflow
Cash Flow
$2,597 income − $4,667 expenses = $2,070 out of pocket
Investment Breakdown
|
Purchase Price
$695k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$146k
Downpayment
20%
$139k
Closing costs
1%
$6,950
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,597
Total Expenses
$4,667
Mortgage P&I
134%
$3,468
Property Taxes
11%
$280
Home Insurance
9%
$243
HOA
0%
$0
Property Management
10%
$260
CapEx
5%
$130
Vacancy
6%
$156
Maintenance
5%
$130
Other
0%
$0